Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Need Some Advice
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="RazorbackRed" data-source="post: 378760" data-attributes="member: 3789"><p>I think he realizes, just as i do, that I am not going to make a ton of money. I do think he believes that given all of the synergies that we can give each other, and our ability to keep costs very low, that I could make a little money. Not much. He believes I should get 75% of any profit considering that the investor gets to write off the deprication, my labor, etc. he gains from a tax perspective. </p><p></p><p>My mentor has been doing it for a long long time. he raises good quality calves every year, low mortality rate, and high fertility rate. Keep costs low and make damn sure every cow throws a calf every year, some every 10 months. He is about economies of scale and managing profit from a cost perspective, even though he wouldn't put it in those terms. He would probably get beat up on here for some of the corners that he cuts, but he sucks out every dime.</p><p></p><p>If i could stick a couple grand in my pocket each fall that is great but it should really let me understand the REAL costs of raising cattle, so i can go in with my eyes wide open when my own money is on the line.</p><p></p><p>My father in law, like most cattlemen i know, they are more than willing to give you advice on anything, but never ever do they talk about the money. So, that is the part I am lacking knowledge. I mean I can do the simple math, but the tax writeoffs and incremental costs make it difficult for me to understand the real bottom line. I guess I have to learn that for myself.</p></blockquote><p></p>
[QUOTE="RazorbackRed, post: 378760, member: 3789"] I think he realizes, just as i do, that I am not going to make a ton of money. I do think he believes that given all of the synergies that we can give each other, and our ability to keep costs very low, that I could make a little money. Not much. He believes I should get 75% of any profit considering that the investor gets to write off the deprication, my labor, etc. he gains from a tax perspective. My mentor has been doing it for a long long time. he raises good quality calves every year, low mortality rate, and high fertility rate. Keep costs low and make damn sure every cow throws a calf every year, some every 10 months. He is about economies of scale and managing profit from a cost perspective, even though he wouldn't put it in those terms. He would probably get beat up on here for some of the corners that he cuts, but he sucks out every dime. If i could stick a couple grand in my pocket each fall that is great but it should really let me understand the REAL costs of raising cattle, so i can go in with my eyes wide open when my own money is on the line. My father in law, like most cattlemen i know, they are more than willing to give you advice on anything, but never ever do they talk about the money. So, that is the part I am lacking knowledge. I mean I can do the simple math, but the tax writeoffs and incremental costs make it difficult for me to understand the real bottom line. I guess I have to learn that for myself. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Need Some Advice
Top